-246 Odds Explained
- Decimal
- 1.41
- American
- -246
- Fractional
- 37/91
- Implied probability
- 71.10%
- Polymarket
- 71¢
- $100 wins
- 40.65
- The fraction shown is the closest simple fraction to the odds rounded to 3 decimals, not an exact match.
- American
- -246
- Fractional
- 37/91
- Implied probability
- 71.10%
- Polymarket
- 71¢
- Profit
- 40.65
- Total return
- 140.65
1.407 decimal, -246 American, 71.10% implied probability
American odds of -246 mean
you risk 246 to win 100
. In decimal notation that is 1.41, in fractional notation 37/91, and the implied probability is 71.10%. On a prediction market the same price is a 71¢ share.
What -246 pays
A 100 stake at -246 returns 140.65 in total: your 100 back plus 40.65 profit. To win exactly 100 you would stake 246.00. The table covers the stakes people actually use.
| Stake | Profit | Total return |
|---|---|---|
| 10 | 4.07 | 14.07 |
| 25 | 10.16 | 35.16 |
| 50 | 20.33 | 70.33 |
| 100 | 40.65 | 140.65 |
| 500 | 203.25 | 703.25 |
| 1,000 | 406.50 | 1,406.50 |
Break-even and long-run results
The implied probability of -246 is 71.10%, and that number is also the break-even win rate: win more often than 71.10% of the time at this price and you profit in the long run, win less often and you lose. The table shows the return on stake at a few win rates, including the break-even rate itself.
| Win rate | Return on stake |
|---|---|
| 50% | -29.7% |
| 55% | -22.6% |
| 60% | -15.6% |
| 65% | -8.6% |
| 71% | -0.1% |
-246 marks a clear favourite without being a lock: the implied chance is 71.10%, so the bookmaker expects this outcome roughly two times in three. Moneylines on the better team in an evenly scheduled league, the higher-ranked tennis player, or the "under" in a low-total game are typical places to see it.
The vig at -246
If both sides of a two-way market were priced at -246, the implied probabilities would add up to 42.20% above 100%. That excess is the overround, or vig; as a share of stakes it is a 29.67% margin for the bookmaker. Removing it leaves fair odds of 2.00 decimal ( +100) on each side. Use the devig calculator to do the same for any market.
-246 on a betting exchange
Exchanges charge commission on net winnings, so the price you see is not the price you get. At 2% commission -246 is worth 1.398 decimal (-251 American); at 5% it drops to 1.386 (-259). Those are the bookmaker prices you would need to beat.
| Commission | Effective decimal | Effective American | Break-even |
|---|---|---|---|
| 2% | 1.398 | -251 | 71.51% |
| 5% | 1.386 | -259 | 72.14% |
Same price in other formats
Nearby prices
Nearby prices
Frequently asked questions
What does -246 mean in betting?
-246 is an American price. Positive numbers show the profit on a 100 stake; negative numbers show the stake needed to win 100. At -246 the implied probability is 71.10% and a 100 stake returns 140.65.
What is -246 in decimal odds?
-246 converts to 1.407 in decimal odds (usually shown as 1.41). Decimal odds are the total return per unit staked, so multiply your stake by 1.407 to get the return.
What is -246 as a fraction?
-246 is 37/91 in fractional odds, the traditional bookmaker notation where the top number is profit and the bottom number is stake.
How much do I win on a 100 bet at -246?
A 100 stake at -246 wins 40.65 in profit and returns 140.65 including the stake. To win exactly 100 you would stake 246.00.
What win rate do I need at -246?
The break-even win rate equals the implied probability, 71.10%. Winning more often than that at this price is profitable over the long run; winning less often loses money.